External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

External broker reports(aggregated public sources)

A Relationship Beyond Broking

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

Equity Bottom-Up

<div><div><div><div><ul><li>Segment-wise performance: Revenue breakdown stands at: Pressure Cooker - 22.8%; LED - 7.5%; Induction Cooktop - 14.2%; Gas Cooktop - 9.6%; Non-stick Cookware - 16.1% and Mixer/Small Appliances - 29.8%.</li></ul><div><div><div><ul><li>In 4QFY22, Pressure Cooker volume declined by 9.3% YoY, Gas Cooktop volume declined by 48% YoY, Induction Cooktop volume grew by 83.3% YoY</li><li>Non-stick Cookware volume declined by 19.5% YoY, LED volume declined by 5.6% YoY and Small Appliances/Mixer/Others volume declined by 1.5% YoY.</li></ul></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Segment-wise performance: Revenue breakdown stands at: Pressure Cooker - 22.8%; LED - 7.5%; Induction Cooktop - 14.2%; Gas Cooktop - 9.6%; Non-stick Cookware - 16.1% and Mixer/Small Appliances - 29.8%.In 4QFY22, Pressure Cooker volume declined by 9.3% YoY, Gas Cooktop volume declined by 48% YoY, Induction Cooktop volume grew by 83.3% YoYNon-stick Cookware volume declined by 19.5% YoY, LED volume declined by 5.6% YoY and Small Appliances/Mixer/Others volume declined by 1.5% YoY.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stove Kraft Limited - Margin Pressure Offsets Topline Growth; Exports Situation

India

Stove Kraft Limited manufactures and distributes kitchen appliances. The Company provides iron boxes, gas stoves, microwave ovens, mixer grinders, cooktops, rechargeable lamps, hand blenders, and other related products. Stove Kraft serves customers worldwide.

Stove Kraft (STOVEKRA IN)

Stove Kraft Limited - Margin Pressure Offsets Topline Growth; Exports Situation

Stove Kraft Ltd reported 4QFY22 revenue of Rs2.61bn, up 11% YoY. The topline was 5.2% below our estimate. Gross margin contracted by 450bps YoY to...

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